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COPP vs. HG=F
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between COPP and HG=F is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

COPP vs. HG=F

Last updated Jun 1, 2025

Compare and contrast key facts about Sprott Copper Miners ETF (COPP) and Copper (HG=F).

COPP is a passively managed fund by Sprott that tracks the performance of the Nasdaq Sprott Copper Miners Index - Benchmark TR Net. It was launched on Mar 4, 2024.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: COPP or HG=F.

Performance

COPP vs. HG=F - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sprott Copper Miners ETF (COPP) and Copper (HG=F). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

COPP:

-0.51

HG=F:

0.03

Sortino Ratio

COPP:

-0.64

HG=F:

0.36

Omega Ratio

COPP:

0.92

HG=F:

1.05

Calmar Ratio

COPP:

-0.51

HG=F:

0.16

Martin Ratio

COPP:

-1.25

HG=F:

0.42

Ulcer Index

COPP:

18.21%

HG=F:

8.59%

Daily Std Dev

COPP:

39.80%

HG=F:

25.90%

Max Drawdown

COPP:

-44.37%

HG=F:

-99.27%

Current Drawdown

COPP:

-25.33%

HG=F:

-9.89%

Returns By Period

In the year-to-date period, COPP achieves a 2.15% return, which is significantly lower than HG=F's 16.79% return.

COPP

YTD

2.15%

1M

6.67%

6M

-7.97%

1Y

-19.71%

3Y*

N/A

5Y*

N/A

10Y*

N/A

HG=F

YTD

16.79%

1M

1.61%

6M

14.07%

1Y

2.15%

3Y*

3.04%

5Y*

14.07%

10Y*

5.55%

*Annualized

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Sprott Copper Miners ETF

Copper

Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

COPP vs. HG=F — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
COPP
The Risk-Adjusted Performance Rank of COPP is 33
Overall Rank
The Sharpe Ratio Rank of COPP is 44
Sharpe Ratio Rank
The Sortino Ratio Rank of COPP is 33
Sortino Ratio Rank
The Omega Ratio Rank of COPP is 44
Omega Ratio Rank
The Calmar Ratio Rank of COPP is 11
Calmar Ratio Rank
The Martin Ratio Rank of COPP is 33
Martin Ratio Rank
HG=F
The Risk-Adjusted Performance Rank of HG=F is 4141
Overall Rank
The Sharpe Ratio Rank of HG=F is 3535
Sharpe Ratio Rank
The Sortino Ratio Rank of HG=F is 3737
Sortino Ratio Rank
The Omega Ratio Rank of HG=F is 4040
Omega Ratio Rank
The Calmar Ratio Rank of HG=F is 5050
Calmar Ratio Rank
The Martin Ratio Rank of HG=F is 4545
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

COPP vs. HG=F - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Sprott Copper Miners ETF (COPP) and Copper (HG=F). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

The current COPP Sharpe Ratio is -0.51, which is lower than the HG=F Sharpe Ratio of 0.03. The chart below compares the historical Sharpe Ratios of COPP and HG=F, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Drawdowns

COPP vs. HG=F - Drawdown Comparison

The maximum COPP drawdown since its inception was -44.37%, smaller than the maximum HG=F drawdown of -99.27%. Use the drawdown chart below to compare losses from any high point for COPP and HG=F.

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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

COPP vs. HG=F - Volatility Comparison

Sprott Copper Miners ETF (COPP) has a higher volatility of 7.66% compared to Copper (HG=F) at 6.84%. This indicates that COPP's price experiences larger fluctuations and is considered to be riskier than HG=F based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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